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20121205
20121205
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FOX News
Dec 5, 2012 6:00am PST
on the municipality have been the deals the public unions have struck for their workers. we have seen it in places where the promises have been made where there i not the money to support. i there any question the administration -- that the president is open to the idea that the president is open to bail out these municipalities? >> there is no mention so far. but you are right to point out the union connect. president obama's reelect heavily supported by municipal unions and it's the pensions promised to municipal union workers, that is what is strangling many of the states that are in such dire straight. illinois and california in particular. will quid pro quo be called in by municipal unions like it has been called in by the municipal councilmember. martha: what happens if they don't get it. what happens if there aren't bailouts. >> detroit is bankrupt. other cities have declared bankruptcy. they are gone. it's debatable whether those union pensions are in pact paid. if you are looking over the cliff, the municipal debt and the state debt cliff, you are right on the edge of serious problem for
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